Answer:
Absolute and Relative Percentage Terms
The promotional price of an antique music box at Annie's Attic is _$65_, and the promotional price of an antique music box at Betty's Breakables is _$60_.
Therefore, if you are in the market for an antique music box, you should buy it at _Betty's Breakables_.
The promotional price of a faux Ming vase at Annie's Attic is _$25_, and the promotional price of a faux Ming vase at Betty's Breakables is _$30_.
Therefore, if you are in the market for a faux Ming vase, you should buy it at _Annie's Attic_.
If the promotional price of a crystal candlestick is the same at the two stores, that means the non-discounted price of the candlestick must be __$60_.
Explanation:
a) Data and Calculations:
Annie's Attic Betty's Breakable
Promotional offers $15 25%
Non-discounted prices:
Antique music cost $80 $80
Faux Ming Vase $40 $40
Promotional prices:
Antique music $65 ($80 - $15) $60 (1 - 0.25) * $80
Faux Ming Vase $25 ($40 - $15) $30 (1 - 0.25) * $40
For the promotional price to be the same at the two stores, $15 will be equal to 25%, the two promotional offerings.
Therefore, the non-discounted price of the candlestick must be = $15/25% = $60
Annie's Attic = $45 ($60 - $15)
Betty's Breakables = $45 (1 - 0.25) * $60
